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Answer:
2018 loss for 1,500
2019 gain for 4,000
Explanation:
purchase at 715,000
December 31th 713,500
adjusting entry december 31th
loss on investment 1,500 debit
marketable securities 1,500 credit
january 3rd, 2019
cash 717,500 debit
gain on investemnt 4,000 credit
martetable securities 713,500 credit
to record gain on investment
Answer: $7200
Explanation:
From the question, we are informed that most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $4,700 worth of jewelry and $6,000 worth of silverware were stolen from a family.
The amount of claim that would not be covered by the insurance will be:
= ($4,700 - 1,000) + ($6,000 - 2,500)
= $3,700 + $3,500
= $7,200
Answer:
likelihood that disputes will arise under their contract is reduced.
Explanation:
One of the advantages of entering into a partnering agreement is that the likelihood that disputes will arise under their contract is reduced. This is mainly due to the fact that the agreed upon contract contains all the rules and regulations that both entities have agreed to follow. Therefore if there is any difference in decision the contract can be brought up and must be followed.
Answer:
Bellisima's opportunity cost:
-
Production of corn per million hours of labor = 8 / 16 = 0.5 pairs of jeans
- Production of jeans per million hours of labor = 16 / 8 = 2 bushels of rye
Dolorium's opportunity cost:
-
Production of corn per million hours of labor = 5 / 20 = 0.25 pairs of jeans
- Production of jeans per million hours of labor = 20 / 5 = 4 bushels of rye
Dolorium has a comparative advantage int he production of rye while Bellisima has a comparative advantage in the production of jeans.
If both countries specialize:
- Dolorium will produce 80 million bushels of rye.
- Bellisima will produce 32 million pairs of jeans.
Total production of rye has increased by 12 million bushels.
Total production of jeans has increased by 9 million pairs.
